The government is exploring new funding models for nuclear and Carbon Capture Usage and Storage (CCUS) projects, announcing up to £18 million for the development of small modular reactors (SMR).
Electricity generated from renewables almost doubled nuclear as coal fell to a record low in the second quarter of this year, EnAppSys found.
The UK’s electricity system price spiked to £375/MWh for more than an hour on Monday, as market conditions prompted renewed volatility.
Renewables are a ‘no regrets’ solution to power gaps left by nuclear if provided support through the Contracts for Difference (CfD) scheme, according to a new report.
The UK could meet its looming fourth and fifth carbon budgets without the need for new nuclear, but only if renewables policy is urgently ramped up, Cornwall Insight has claimed.
The UK is at growing risk of missing legally binding climate targets after the pace of decarbonisation slowed last year, new analysis has concluded.
Hitachi has confirmed it has suspended work on the Wylfa Newydd nuclear power plant, a move which risks “blowing a hole” in the UK’s decarbonisation strategy.
Renewables provided almost one-third of the UK’s total power output in Q3 2018, a record high for that period of the year, boosted by the summer’s heatwave and high wind speeds.
Energy secretary Greg Clark has said the UK’s “substantial” pipeline of renewable energy projects could offer a replacement to the capacity lost by the scrapping of Toshiba’s plans for a new nuclear power station in Cumbria.